Bank of America® Premium Rewards® Elite Credit Card
75,000 points after you spend $5,000 in 3 months. $550 a year.
- Welcome offer
- Issuer's pagebankofamerica.com
“75,000 bonus points offer”
- Annual fee
- CFPB credit card surveyReported to the CFPB, Dec 31, 2025
“$550 annual fee and no foreign transaction fees †”
- Purchase APR
- Issuer's pagebankofamerica.com
“19.74% - 27.74%”
- Foreign transaction fee
- CFPB credit card surveyReported to the CFPB, Dec 31, 2025
“$550 annual fee and no foreign transaction fees †”
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What it's worth
| Spending | First year | After |
|---|---|---|
| Light spender | −$365 | −$365 |
| Typical spender | $675 | −$75 |
| Heavy spender | $1,300 | $550 |
The spending each assumes, a month
- Light spender: groceries $300, dining $100, gas $100, everything else $500
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500
Assumed: points valued at an assumed 1¢; welcome bonus needs $5,000 in 3 months.
Estimates from the published terms above, as checked Oct 4, 2026; not advice. How we value cards
How it compares
- Lower top APR than about 50% of the 128 cards on our Sign-up bonuses list (see the list).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Welcome offer
75,000 points
After you spend $5,000 on purchases in your first 3 months.
Make the purchases in the first 90 days of account opening
How you earn · BofA Rewards™
- 2× pointstravel purchases
- 2× pointsdining purchases
- 1.5× pointsEverything else
Rates and fees
| Annual fee | CFPB credit card surveyReported to the CFPB, Dec 31, 2025 “$550 annual fee and no foreign transaction fees †” |
|---|---|
| Purchase APR | Issuer's pagebankofamerica.com “19.74% - 27.74%” |
| Intro APR | Issuer's pagebankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Balance transfer fee | Issuer's pagebankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Foreign transactions | CFPB credit card surveyReported to the CFPB, Dec 31, 2025 “$550 annual fee and no foreign transaction fees †” |
Carrying a balance? See how long it takes to pay off
Benefits
- Airline Incidental Statement Credits: $300 annual
- Lifestyle conveniences statement credits: $150 annual
- Global Entry or TSA PreCheck® application fee credit: $120 every 4 years
- Up to $120 in statement credits for Global Entry or TSA PreCheck® application fees every four years
- Free unlimited access to airport lounges and experiences worldwide with up to 4 complimentary Priority Pass™ Select Memberships
- 20% savings on domestic or international airfare for any class when paying with points through BofA Travel or the Concierge
- Complimentary 24/7 Premium Rewards® Elite Visa Infinite® Concierge service
- Visa Infinite Luxury Hotel Collection benefits, including late checkouts, free breakfast daily for two and automatic upgrades, with some benefits based on availability
- Visa Infinite Car Rental Benefits, including VIP amenities, complimentary status upgrades and discounts with Avis®, Hertz® and National®
Questions
- What is the annual fee?
- $550 Reported to the CFPB, Dec 31, 2025, since Sep 29, 2026
- Does it charge a foreign transaction fee?
- No. Reported to the CFPB, Dec 31, 2025, since Oct 4, 2026
- What is the purchase APR?
- 19.74–27.74% APR bankofamerica.com, since Oct 4, 2026
- Is there a welcome bonus?
- 75,000 points after $5,000 in purchases in 3 months. bankofamerica.com, since Oct 4, 2026
Other points cards with fees over $300
- The American Express GoldAmerican Express · $325 a year+$375 a year
- Bilt PalladiumBilt · $495 a year+$290 a year
- Business GoldAmerican Express · $325 a year+$180 a year
Against this card, for our typical spender's value (rewards and credits minus fees, after the first year).